House prices rise in February

From BS:

Home prices in capital cities rose in February, offsetting a weaker period in January, according to a leading survey.

The RP Data-Rismark hedonic home value index showed capital city house prices rose 0.8 per cent in February.

The result follows a fall in values of one per cent in January.

RP Data-Rismark have relaunched the index, which was formally released monthly. It will now provide daily updates on house prices.

The latest survey marks the first daily release.

Daily? OMG. We’ll have much more later with the full release, obviously. But for now here’s the ASX link.

Share

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.